BPCL dividend announcement: BPCL announces Rs 21/share payout, sets December 12 as record date

BPCL dividend news, BPCL board meeting for dividend: Bharat Petroleum Corporation's board declared a dividend of Rs 21 per share on Wednesday, with a record date of December 12.

BPCL dividend news: It shall be the OMCs fifth dividend announcement within a span of two years, if declared. Image: Official website

BPCL dividend news, BPCL board meeting for dividend: State-run oil marketing company Bharat Petroleum Corp Ltd (BPCL) on Wednesday announced an interim dividend of Rs 21 per share for the financial year ending March 2024, a 210 per cent payout given the face value of Rs 10 per share, sending its shares soaring to a fresh 52-week high.

BPCL shares gained by as much as Rs 10, or 2.4 per cent, to Rs 434.3 apiece.

BPCL dividend record date 2023

The PSU OMC's board fixed December 12 as the record date for the dividend.

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When will the BPCL dividend be paid?

"It may kindly be noted that the above dividend would be paid or the warrant in respect thereof would be posted on or before 28th December 2023... The meeting of the Board of Directors commenced at 10:00 am and concluded at 11:05 am," BPCL said in a regulatory filing.

Mumbai-headquartered Bharat Petroleum Corporation's shares recovered their intraday losses after the dividend announcement, 0.26 per cent lower at Rs 423.4 on BSE.

BPCL board meeting to consider dividend

BPCL in a regulatory filing said, "Pursuant to Regulation 29(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that a meeting of the Board of Directors would be held on Wednesday, 29th November 2023, to consider the proposal of declaration of interim dividend for the Financial Year 2023-24 and fixation of Record date."

What is a record date?

A record date is the cut-off date that determines the shareholders entitled to receive an already-announced dividend.

BPCL dividend history

Dividend announcement date	Dividend ex-date	Dividend amount in rupees per share	Dividend Type
May 22, 2023	August 11, 2023	4	Final
May 25, 2022	August 19, 2022	6	Final
January 31, 2022	February 10, 2022	5	Interim
October 29, 2021	November 11, 2021	5	Interim
May 26, 2021	September 16, 2021	23	Final
May 27, 2021	September 16, 2021	35	Special
March 16, 2021	March 25, 2021	5	Interim
February 8, 2021	February 17, 2021	16	Interim
March 12, 2020	March 23, 2020	16.5	Interim
May 20, 2019	August 21, 2019	8	Final
February 8, 2019	February 21, 2019	11	Interim
May 29, 2018	August 31, 2018	7	Final
February 9, 2018	February 22, 2018	14	Interim

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